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Pearson Edexcel IAL Economics 2.3.4.2c Withdrawals: • savings • taxation

Practise recognising savings, taxation and imports as withdrawals and explaining how they reduce spending in the circular flow.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
AS

Exam points

  • identify savings, taxation or imports as withdrawals from the circular flow
  • distinguish withdrawals from exports, investment and consumption in response options

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